SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 17, 1998
BUTLER NATIONAL CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-1678 41-0834293
(State of incorporation)(Commission File Number)(I.R.S. Employer
Identification No.)
1546 East Spruce Road, Olathe, Kansas 66061
(Address of Principal Executive Office)(Zip Code)
Registrant's telephone number, including area code: (913) 780-9595
Former Name, former address and former fiscal year if changed since last
report:
Not Applicable
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Item 9. Sales of Equity Securities Pursuant to Regulation S.
On March 17, 1998, the Company reported the status of the $1,000
Series B 6% Cumulative Convertible Preferred Stock. The Company issued
547,386 shares of common stock, $.01 par value, for $330,000 face value of
the $1,000 Series B 6% Preferred Stock. The shares were issued to accredited
investors. The transactions were executed in reliance upon the exemption
from registration afforded by Regulation S as promulgated by the Securities
and Exchange Commission, under the Securities Act of 1933, as amended.
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Signatures
Pursuant to the requirements of the Securities & Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto authorized.
Butler National Corporation
(Registrant)
March 17, 1998 /S/Clark D. Stewart
(Date) Clark D. Stewart, President
and Chief Executive Officer
March 17, 1998 /S/Edward J. Matukewicz
(Date) Edward J. Matukewicz, Treasurer
and Chief Financial Officer
